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October 15, 2024

Oil Falls 3% in Early Asian Trade

Oil prices slid 3% in early Asian trade on Tuesday after OPEC lowered its outlook for global oil demand growth in 2024 and 2025.

Brent crude futures were down $2.27 at $75.19 per barrel, while US West Texas Intermediate futures fell $2.22 to $71.60 p…

Chinese Yuan Loans Grow by $2.27 Trillion in First 3 Quarters

China’s yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion) in the first three quarters of the year, central bank data showed on Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, …

Gold Prices Flat as Investors Await Fresh Impetus

Gold was flat on Tuesday as investors await fresh insights on the Federal Reserve’s stance on US interest rate reductions for further direction on bullion prices.

Spot gold held its ground at $2,646.64 per ounce. Prices hit a record high of $2,685.42…